As you know, we always have our clients’ best interest at heart. Due to extreme demand from our community to add one specific asset to our platform, we’re back with yet another new cryptocurrency on Nexo. And in case you haven’t guessed it already – it’s Dogecoin! You can now buy, earn and borrow against your DOGE on our platform.
Get a load of the perks:
Buy DOGE on the Nexo Exchange.
Еarn up to 3% interest on DOGE, paid out daily.
Borrow against your DOGE with the most versatile Dogecoin credit line.
Dogecoin is currently available for Nexo users to add to their Nexo accounts via the Nexo Exchange. DOGE withdrawals and top-ups will remain temporarily unavailable but will become possible on the platform in due time. This new approach of integrating currencies to Nexo allows us to speed up the addition of new assets to our platform and make our range of financial services available to a wider range of crypto holders.
Read the full details on Nexo’s services for DOGE below 👇.
Buy Your DOGE on the Nexo Exchange
You can now buy Dogecoin using our integrated exchange – it’s the safest, easiest and quickest way to purchase DOGE without having to leave your Nexo app. Our industry-unique Smart Routing System enables you to make instant swaps between 100+ trading pairs, including DOGE at the optimal market prices by comparing prices across multiple external exchanges and giving you the best one.
As soon as you add Dogecoin in your Nexo account, you automatically start earning up to 3% interest, paid out daily. Note that for the time being, clients in the Base and Silver Loyalty tiers will only be able to earn 2% interest on DOGE via Earn in NEXO.
Borrow with Our Instant DOGE-backed Credit Lines
Get instant cash without selling your Dogecoin with our DOGE-backed credit lines.
Our Instant Crypto Credit Lines™ make borrowing using DOGE as collateral easy and accessible by allowing you to borrow from just $50 to $2 million at ratesstarting at 6.9% APR with larger loans also available upon request. You can withdraw as much or as little as you need from your available credit in one or through multiple transactions. And the best part is that there are no installments or repayment minimums so you can repay as much or as little as you want, whenever you want, tax-free. Finally, you accrue interest only on what you actually withdraw.
Your DOGE Credit Line Is Also Dynamic To sweeten the deal a bit more, our brand new DOGE-credit is dynamic which simply means that when your DOGE appreciates in value, your available credit also grows in real-time.
Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency created by Billy Markus and Jackson Palmer in 2013. It's based on the iconic 'Doge' meme, featuring a Shiba Inu – a Japanese breed of dog. Unlike Bitcoin, there is no limit on the number of Dogecoin that can be mined.
Starting out as a light-hearted joke, Dogecoin is now one of the fastest-growing cryptocurrencies in the world. The altcoin has its own thriving community, and is used mainly as a tipping system on the internet, rewarding the creators of quality content.